Inadequate or wrong information regarding insurance policies and consequent failure of consumers to get the benefits are major issues facing the Insurance Regulatory & Development Authority (IRDA), headquartered at Hyderabad.

The genesis of the problem arises out of the various Unit Linked Insurance Plans (ULIPs) sold by public and private insurance companies. With the insurance industry opening up to private players since 2000, there has been fierce competition for getting in as many people as possible to invest with the insurance industry with various incentives and promises, most of which are either false or misleading.

Hyderabad, Mar 1: Former Indian cricket captain Mohammad Azharuddin received a rousing welcome in Hyderabad on Saturday, as he landed there after formally joining the Congress party.

Expressing his concern over the problems faced by the people, he said that he wants to work for the upliftment of the poor and downtrodden.

"I have lot of feeling for people... So, I think if I can bring a change or if I can be of any help. If I can bring at least 5-10 percent of change, I''ll be very happy," he said.

Kandi (Hyderabad), Feb 27: UPA Chairperson Sonia Gandhi today said that science and technology must act as powerful force against narrow-minded bigotry and intolerance.

Addressing a gathering of students and delegates after laying the foundation stone of a new IIT at Kandi village in Medak district of Andhra Pradesh, Sonia said, "Education should impart the values of a modern liberal society that derive strength by respecting and celebrating it''s many diversities."

Sonia also said that given time and adequate resources, IIT Medak would also make its own impact.

Hyderabad, Feb 22 (ANI): Around 3000 former naxalites will join the newly formed party Prajarajyam on February 24 in Hyderabad.

The maoists will formally join the party in the presence of Prajarajyam Party (PRP) Chief Chiranjeevi and Yuvarajyam President Pavan Kalyan.

The Marxist Leninist singer Gadar along with other pro-naxal intellectuals and actor Chiranjeevi have been repeatedly trying to mobilise the former rebels and bring them into PRP.

Hyderabad, Feb 21 : The income tax officials have started interrogating former Satyam founder Ramalinga Raju at the Chanchalguda jail here in connection with the 7,800 crore accounting fraud.

The four-member I-T team is likely to grill Raju on several issues, including whether the money had been siphoned off or he had inflated the income.

The 6th Additional Chief Metropolitan Magistrate of a Hyderabad court on February 18 had allowed the I-T department to question Raju.

Hyderabad, Feb 21 : The Satyam Computers Services board began it''s meeting here today to figure out the process of finding a strategic partner for the scam hit IT company.

The board will discuss the Company Law Board''s recent approval on inducting a strategic partner and consider the way of finding a suitable one for itself.

Various suitors, including Larsen and Toubro, the Spice Group and the Hinduja Group have expressed an interest in acquiring a stake in the 7800 crore fraud-hit Satyam.